These days, I see people showing off APY from yield aggregators again, the numbers look pretty good, but my first reaction is: where does this money actually come from, is the contract doing arbitrage or are you covering for a counterparty? To put it simply, an aggregator just connects a bunch of protocols; the longer the path, the more points of failure: Are there backdoors in permissions, who holds the upgrade keys, could liquidation/slippage wipe you out, and if cross-chain segments lack safeguards, I won't use it at all. APY isn't a benefit; it's a risk pricing, but many people are too lazy to read the instructions. By the way, it reminds me of the NFT royalty disputes—creators want ongoing income, traders want liquidity, everyone thinks they're justified... but ultimately, it depends on how the contract is written and whether the execution layer gives face. Forget it, I’ll stick to my old approach: I’d rather earn less and keep my money in places I understand and can exit from, rather than end up not knowing where the funds even came from.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin